Goldviewfx

GoldViewFX - Market Update

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

And we did it again!!!! We got our 1979 target today completing our target level in the open weighted range. As stated from the start 1983 was only a potential and 1979 being the targeted level.

We took our exits perfectly before the dump in price. The rejection was perfectly off the resistance structure, into the retracement range, now completing both the bullish and bearish gaps.

Price is now testing the retracement support structure. If we see EMA5 cross and lock below 1944, we are likely to see the swing range levels open up. If you zoom out of the chart, we are still in a Bullish structure. We just need to keep the ranges in mind when taking buys from dips.

We are back in the range and therefore our levels are active and can be tracked level to level once again.

BULLISH TARGETS
1962 - DONE

EMA5 CROSS AND LOCK ABOVE 1962 WILL OPEN THE FOLLOWING BULLISH TARGETS
1973 - DONE
1979
AND POTENTIALLY 1983

BEARISH TARGETS
1956 - DONE

EMA5 CROSS AND LOCK BELOW 1956 WILL OPEN THE RETRACEMENT RANGE - DONE

EMA5 CROSS AND LOCK BELOW 1944 WILL OPEN THE SWING RANGE

SWING RANGE
1923 - 1916

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR

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